Telsey Advisory Group Comments on LVMH Moët Hennessy - Louis Vuitton, Société Européenne's FY2024 Earnings (OTCMKTS:LVMUY)

LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCMKTS:LVMUY - Free Report) - Stock analysts at Telsey Advisory Group dropped their FY2024 earnings per share estimates for shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne in a research report issued on Tuesday, April 16th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $6.81 for the year, down from their prior forecast of $6.99. The consensus estimate for LVMH Moët Hennessy - Louis Vuitton, Société Européenne's current full-year earnings is $6.92 per share. Telsey Advisory Group also issued estimates for LVMH Moët Hennessy - Louis Vuitton, Société Européenne's FY2025 earnings at $7.38 EPS.

A number of other research firms have also recently weighed in on LVMUY. HSBC cut LVMH Moët Hennessy - Louis Vuitton, Société Européenne from a "buy" rating to a "hold" rating in a report on Tuesday, February 6th. Barclays upgraded LVMH Moët Hennessy - Louis Vuitton, Société Européenne from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, LVMH Moët Hennessy - Louis Vuitton, Société Européenne currently has an average rating of "Hold".

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Trading Down 0.2 %

Shares of LVMUY traded down $0.39 during midday trading on Friday, reaching $168.18. The company had a trading volume of 121,945 shares, compared to its average volume of 201,812. The company has a quick ratio of 0.63, a current ratio of 1.32 and a debt-to-equity ratio of 0.18. LVMH Moët Hennessy - Louis Vuitton, Société Européenne has a 1-year low of $138.11 and a 1-year high of $200.76. The firm has a 50 day simple moving average of $178.86 and a 200-day simple moving average of $162.33.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Monday, April 22nd will be given a $1.6107 dividend. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change from LVMH Moët Hennessy - Louis Vuitton, Société Européenne's previous dividend of $1.20.

About LVMH Moët Hennessy - Louis Vuitton, Société Européenne

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.